Multi-Family Property with Community
2252 Ellis Street North Las Vegas, NV 89030
New
For Sale
$640,000
MULTI_FAMILY - Other - North Las Vegas, NV
Property Size3,008 SF
Lot Size0.19 Acres
Price / SF$212.77
Days on Market2
Property Features for 2252 Ellis Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Interior features
Storage
Appliances
Oven, Range, Refrigerator
Standard status
Active
APN
139-24-110-260
Size
3,008 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
1167
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Stucco, Wood Frame
Roof type
Flat
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Simply Vegas
(702) 568-6800
Listed By:
Catherine Hyde · License #S.0070366
(702) 408-2289
Added: Jul 27
Last Checked: Jul 28 at 12:06AM
MLS# 2803224
Copyright © 2026 Las Vegas REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2252 Ellis Street presents a value-add multi-family opportunity with fourplex configuration and several recent upgrades. Capital improvements include a new roof (2020), 100-gallon water heater (2023), and gas line replacement (2024), along with owned coin-operated laundry added in 2025. Inside, each unit features remodeled kitchens, upgraded plumbing, regularly serviced A/C units, and energy-efficient double-pane windows. Tenants have access to private exterior storage, a large shared storage building, and an on-site community laundry room.
The property is located in North Las Vegas near Carey Ave. and Mojave Rd., within walking distance of the North Las Vegas Police Department and Fire Station. The offering is currently described as producing an estimated 6.0% cap rate, with an estimated 8.5% pro forma cap rate.
The property is located in North Las Vegas near Carey Ave. and Mojave Rd., within walking distance of the North Las Vegas Police Department and Fire Station. The offering is currently described as producing an estimated 6.0% cap rate, with an estimated 8.5% pro forma cap rate.
Key Highlights
- Reported 6.0% current cap rate and 8.5% estimated pro forma cap rate
- Major improvements include new roof (2020), 100‑gallon water heater (2023), and gas line replacement (2024)
- Owned coin‑operated laundry added (2025) with an on‑site community laundry room
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $48.9k | $16.27 |
| − OpEx | −$14.7k | −$4.88 |
| NOI | $34.3k | $11.39 |
3,008 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$489.4K
$428.2K – $570.9K
NOI $34,256 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$452.2K
$395.7K – $527.6K
NOI $31,657 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$814.0K
$712.3K – $949.7K
NOI $56,981 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex with remodeled units, private exterior storage, and an on-site community laundry room plus owned coin laundry.
Where is this quadplex located?
The property is located at 2252 Ellis Street North Las Vegas, NV.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Reported 6.0% current cap rate and 8.5% estimated pro forma cap rate; Major improvements include new roof (2020), 100‑gallon water heater (2023), and gas line replacement (2024); Owned coin‑operated laundry added (2025) with an on‑site community laundry room
